Category Archives: Commercial Auto Rating

hired non owned auto

Reasons to Insure Hired Drivers

Staffing drivers can be a lucrative pursuit, but it is often attached to a number of less favorable liabilities. If your agency deals with hired non owned auto positions, you should consider securing coverage for the car and driver. A policy can protect against some of the most common and costliest incidents.

Get Coverage in Case of an Accident

You can be held liable for damages incurred from an accident involving your employee. Even if it is a hired non owned auto, if you employ the person involved in the crash, you may be held responsible. A staffing insurance policy can protect you from this by providing coverage for accidents. Rather than insuring just the employee, coverage extends to the vehicle and damage incurred.

Policies Can Be Obtained Individually

Separate policies means you can enjoy separate limits for each of your insureds. In this case, if you are contracting coverage for an agency employee who is driving, their limit is calculated and charged separately from others. In many cases, this can result in lower rates.

Improve Client Relations

Your clients rely on you, and if their position entails driving, they want to place full trust in you. Insuring your employees shows them that you are the safe and reliable choice.

CT Car Insurance

The Importance of Reviewing Your Car Insurance

Once you have CT car insurance, it may be tempting to just forget about it. However, many experts suggest you review your policy regularly to ensure it still fits your needs. Even if it seems nothing in your life has changed, it may still be beneficial to review your policy.

You May Want More Coverage

Most states have a minimum amount of auto insurance required. When you bought your policy, you may have just bought the lowest amount possible. As you get older and become more financially stable, you may want to add more.

You Can Get an Overview of the Claims Process

It’s important to understand what you would have to do in the face of an accident. As you review your CT car insurance, you can also review what sort of paperwork you might have to fill out or who you should call.

Your Current Provider May no Longer Best Suit Your Needs

As you review your insurance, you may find out you qualify for a discount from other carriers, but not yours. You may learn about coverages and amenities provides by another company. It’s important to review your car insurance, so you can make sure it is still the best for you.

Work With an Agent

When you’re ready to review your CT car insurance, work with an agent. He or she will be able to go over policy details and help you make necessary changes.

Commercial Auto Rating Is Made Easy Through the Use of Appropriate Systems

Finding the appropriate rating system for your needs can often be difficult. With regard to commercial auto rating, the same challenges remain. Finding a system that is able to be customized to the specific needs of your company can sometimes prove daunting, but finding the appropriate system is incredibly valuable. When a rating system can be customized to meet the needs of a program administrator, insurance carrier, or managed general agency, the system is able to be streamlined, thereby becoming more efficient and cost-effective.

 

The Value of Flexibility and Customization

 

When selecting the appropriate commercial auto rating system, it is important to consider what the system will provide and what options are able to be customized. The best systems should be able to provide a wide variety of customizable options and characteristics, including:

 

  • Rating solutions for specialty markets
  • Ability to quickly introduce new programs
  • Automatic updates
  • User interface and rating experience
  • Ability to provide accurate and timely data to underwriters

 

It is important that a commercial auto rating system goes beyond simple functions like rate calculation. The system should be able to provide the user with a wealth of information while serving as an invaluable resource. While choosing the appropriate system may seem difficult, the fact is that the value of a versatile and customizable system is tremendous and well worth any effort that is expended.